Momentum Long Entry Strategy

By Samantha Baltodano

TL;DR:

The Momentum Long Entry strategy calculates momentum as the velocity of change in price over a specified number of days. The Long Entry signal is triggered when momentum becomes a positive value and continues rising.

What Is the Momentum Long Entry Strategy?

The Momentum Long Entry strategy generates a Long Entry signal when momentum is rising. 

This strategy initiates a stop order at a certain price level: a signal is generated for the next bar at this level if the condition is fulfilled. This price level can be reached at the next bar's opening or during the course of trading.

Momentum is calculated as the velocity of change in price over the specified number of days. 

When the momentum becomes a positive value and continues rising, the Long Entry signal is generated at the current High price plus one point . 

Note that if the next Open price is greater than the current High plus one point, the signal is triggered here.

Momentum Long Entry is just one of many strategies that Archaide automates. For a full list of strategies and studies available click here.

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